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The following selected information is for Kennel Corporation: 2021 2020 2019 Total assets $361,000 $266,000 $280,000 Total shareholders' equity 128,000 99,500 45,000 Sales 503,000
The following selected information is for Kennel Corporation: 2021 2020 2019 Total assets $361,000 $266,000 $280,000 Total shareholders' equity 128,000 99,500 45,000 Sales 503,000 410,000 296,000 Cost of goods sold 368,196 291,100 187,000 Net income 33,701 29,930 19,100 Kennel had no preferred shares. (a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6. Round asset turnover to 2 decimal places e.g. 6.21.) Gross profit margin Profit margin Asset turnover Return on assets 2021 2020 % % % times % % times % Return on common shareholders' equity % %
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